Michigan Firehouse Museum and Education Center

Analysis

Michigan Firehouse Museum and Education Center is a registered charity in United States, based in Ypsilanti, MI. It received its IRS tax-exemption ruling in December 2000, 26 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Michigan Firehouse Museum and Education Center reported income of $270k and spending of $286k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $71k to $270k (+279%), an average of +40% a year. The sharpest change came in the year to December 2020, when income rose by 647%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Michigan Firehouse Museum and Education Center sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within MI. Charities of a similar size with the same main cause include Russian Christian Radio Inc ($270k), Essex Historical Society & Shipbuilding Museum Inc ($270k) and Chicago Korean Dance Company NFP ($270k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 30% of the total. Other salaries and wages came to $64k. At year end it held assets of $3.9m against liabilities of $6,678, net assets of $3.9m. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.